Yoreevo’s rebates (“Commission Rebates”) are contingent upon our ability to receive the total commission from the listing broker, sponsor or seller. The rebate displayed is an estimate based on the asking price and the commission displayed on the Real Estate Board of New York (REBNY) Listing Service or OneKey Stratus. While the data should be accurate, we cannot make any such guarantee. The exact amount of any Commission Rebate will depend on the actual sale price of the property and may change during the closing process due to changes in the terms of sale, and will only be finalized at closing.
The Commission Rebate may be restricted, reduced or prohibited by your lender, New York State law, federal law and other parties.
Commission Rebates are only available when you work with Yoreevo directly. If you were referred to Yoreevo by another broker, agent, or third-party referral service (for example StreetEasy, Zillow or Realtor.com), you will not be eligible for a rebate.
How is the rebate calculated?
Commissions for buyer agents (“Co-Brokes”) are no longer centrally distributed. On each listing, we need to confirm the Co-Broke offered by the seller, if any, with the seller’s agent.
If a specific Co-Broke is being offered by the seller, we will include that amount with your offer.
If a specific Co-Broke is not being offered by the seller, we will include a 2.5% Co-Broke with your offer.
For properties under $7,500,000, the Commission Rebate is calculated as the smaller of
For properties $7,500,000 and above, the Commission Rebate is the Co-Broke collected less 1% of the purchase price but capped at 2% of the purchase price.
For Yoreevo's own listings, you will not receive a Commission Rebate but the total commission charged to the seller is lower (see below).
Estimate your rebate when you buy a home with Yoreevo.
How and when is the rebate paid?
The Commission Rebate is paid to the buyer by check after the closing. The buyer may elect to have the Commission Rebate applied as a credit on the closing statement instead if permissible by purchase contract, lender, New York State law and federal law. If you would like your Commission Rebate to be used as a credit on the closing statement, you must let us know before we submit the offer.
Unless instructed otherwise in writing by the purchaser, a Commission Rebate will only be issued to the purchaser of the property. Absent such notice, the recipient must be listed on the deed for a condominium or house or share certificate for a co-op which transfers ownership at closing.
Yoreevo reserves the right to edit these terms at any time. However, all transactions currently under contract will be unaffected by any such changes. Edits posted to the Yoreevo website will service as notice to all prospective buyers to the changes.
When you engage Yoreevo to sell your property under an exclusive right to sell agreement, our listing fee is:
Both scenarios are subject to minimum commissions, which may vary depending on the property’s sale price and submarket.
Buyer’s Broker Commission
In addition to Yoreevo’s listing fee, sellers typically offer compensation to the buyer’s broker. In Manhattan and the closer portions of Brooklyn and Queens, this is most commonly 2.5%–3% of the sale price.
The buyer’s broker commission is often lower further into Brooklyn and Queens and outside of NYC. The buyer’s broker commission that you would like to offer, if any, is always set by you as the seller.
If Yoreevo Procures the Buyer
If Yoreevo procures the buyer, meaning the buyer does not have an outside broker, Yoreevo’s buyer side fee is 1% (instead of the typical 2.5%–3%). In this case, your total commission would be as low as 2% all-in (1% listing fee + 1% buyer side fee). Minimum commissions still apply.
Examples of Commissions in Typical Scenarios